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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Warehouses
1222 Gerhart Ave Commerce, CA 90022-4227
Entity Owned
14-yr Hold
Free & Clear
Property ID
US09-8596950
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1947
Construction
TILT-UP CONCRETE
Total area
2,400 SF
Lot
0.09 ac (4,039 SF)
Zoning code
CMM1*
APN
6338-033-006
UPID
US09-8596950
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$500k
Owner & transaction history
Dragonis Investments LLC-serie · 14 yrs held
Dragonis Investments LLC-serie
since 2012
7 recorded transactions
Zoning & alternative use
CMM1* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$350,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$670,000
Current use
OFFICE BUILDING
$580,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$540,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$208 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,114
Tax year 2024
Assessed value
$215,490
Assessed 2024
Previous assessed
$215,490
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$172,395
Assessed improvement
$43,095
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,400 SF
Lot
0.09 ac (4,039 SF)
Zoning code
CMM1*
APN
6338-033-006
UPID
US09-8596950
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CMM1* · Commerce, CAZoning CMM1* · permitted uses
CMM1* · Commerce, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$580,000
RETAIL STORES
Est. value
$540,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Dragonis Investments LLC-serie
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 6152, WOODLAND HILLS, CA 91365-6152
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2012
$250,000
Dragonis Investments LLC-serie
Kre-akopyan,agnesa
Grant Deed
—
May 12, 2011
—
Agnesa Kre Akopyan
Tigran Akopyan
Intrafamily Transfer
related
$300,000 · Woodland Hills Mortgage Banking Cor
May 18, 2009
—
Agnesa Kre-akopyan
Kre-akopyan,melik
Affidavit Of Death
related
—
Feb 20, 2007
—
Melik Kre-akopyan
Kre-akopyan,melik
Quit Claim Deed
related
—
Apr 3, 1996
$92,000
Akopyan,melik
Carney Trust
Trustees Deed
$87,000 · Seller
Apr 3, 1996
—
Melik Akopyan
Akopyan,a
Quit Claim Deed
related
—
—
—
Dragonis Invs LLC-series 13
—
Deed Of Trust
related
$549,250 · East West Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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